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Optimus

The Optimus project has been created to support token bound accounts for cross chain collateral

Optimus

Created At

Superhack

Project Description

The challenge that exists today is that of the movement of collateral cross chain. This process is expensive, risky and time consuming. The Optimism project seeks to simply for the process by creating an infrastructure for cross chain settlements through the use of Token Bound Accounts (TBA) (ERC6551) and Optimals which are controlled by TBAs. The Optimals use attestations provided by Ethereum Attestation Service (EAS) to ensure the integrity of NFT asset holdings when said NFTs are bridged or used locally.

How it's Made

The project is build on Optimism Goerli and uses EAS deployed on the same network. It leverages the ERC6551 standard in the definition of Token Bound Accounts. NFTs are registered with the ERC6551Plant which then creates a Token Bound Account. The Token Bound Account can then be used to create an Optimal. Assets can then be added to the Optimal. Whenever an asset is added the attestation for the Optimal is updated to reflect the current state of the Optimal. When validated the Schema Resolver will check the assets assigned to the Optimal and independently compute the Hash for the Assets. If the hash matches that which has been presented the integrity of the Optimal is assured.

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